November 25, 2014
VietJetAir, CFM sign Rate Per Flight Hour agreement for first 21 Airbus A320ceo aircraft
Vietnam’s VietJetAir and CFM International have signed a 12-year Rate Per Flight Hour agreement to support the airline’s fleet 21 Airbus A320ceo aircraft powered by CFM56-5B engines. Under the terms of the agreement, which is valued at US$300m, CFM will guarantee maintenance costs for a total of 45 CFM56-5B engines on a dollar per engine flight hour basis. Based in Ho Chi Minh City, VietJetAir has been a CFM customer since it commenced operations in late 2011 with 18 leased CFM56-5B-powered A320 aircraft. Earlier this year, the airline placed an US$800m order to purchase CFM56-5B engines to power 14 additional Airbus A320ceo (current engine option) and 7 A321ceo aircraft. The airline currently operates a fleet of 39 CFM56-5B engines, including one spare.